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Over-the-counter (OTC) derivatives, especially credit derivatives, have been at the heart of the financial crisis. OTC derivatives were seen as opaque instruments that, under the guise of hedging, actually served to increase...
For anyone toiling in the arcane world of clearing, figures out this week showing that the over-the-counter derivative markets were showing signs of life must have sounded like good news. The Bank for International Settlements...
Markets news on stocks, currencies and oil; European Central Bank president, Jean-Claude Trichet, said today at a meeting of the Group of 10 central banks at the Bank for International Settlements in Basel, Switzerland, that...
People flock to gurus to unlock the secrets of happiness, psychologists extol the power of positive thinking and the pursuit of happiness, instead of being a right, has become a duty. Much has changed since the days of...
Restoring stability and fairness requires thinking about the whole economy, not just Wall Street. Relative to the voices of the establishment, both in the political world and in the mainstream financial press, Prins is...
LONDON (Reuters) - International bank lending dropped by over $300 billion or 1.1 percent in the second quarter as the financial crisis continued to restrain credit, according to Bank for International Settlements data.
Bank of England governor, Mervyn King, on Tuesday night called or banks to be split into separate utility companies and risky ventures, saying it was “a delusion” to believe tougher regulation would prevent future financial...
By Jon Hilsenrath Andrew Crockett, president of J.P. Morgan Chase International and former general manager of the Bank for International Settlements, a central bank for central bankers, says it is time to give Asia it’s due....
The next market session will close: The Bank for International Settlements has released a paper by Patrick McGuire and Goetz von Peter titled The US dollar shortage in global banking and the international policy response: Among...
The U.S. government said on Thursday that China did not manipulate its currency against the U.S. dollar and has made significant contribution to the world economic recovery during the first half of 2009. "No major trading...
